Member Info for Newdealz

Yes the coroporate action i recieved was from interactive investor, not IG so they both have the same information from somewhere be correct or incorrect and just slow to update. Ive sent the corporate actions team an email confirming this date of final vote, my feeling is they will just say this date again with the possibilty of a new corporate action coming by the 26th with an extension. Lets see what happens in the next day or two.

Thanks for your input HD, im sure not only myself many others on here appreciate your posting offering some clarity to this buy out thats dragging on and on, my feeling also this dragging on benefits DK as the pi's get frustrated and someone is mopping up the shares to get this vote over the line.

Very much appreciate your reply HD, so its a case of waiting on the next rns for either a time table extension or clearance from Romania, i still have the vote and the 26th March is getting closer for the vote deadline, do you think this date will be moved? From what your saying and not factoring in the risk of continued holding we should expect to see the SP around the 368p once all clearances and acceptances are obtained, it seems to me that voting No is the best option and just selling up right at the very end...

@hounddog - questions please if i may, what happens after the vote deadline, im guessing the share price will be expected to hover around these levels until results, when will the last day of trading IDS be announced, with the offer accpeted rns (providing its accepted)? Do you think its safe enough to continue to hold the shares after the vote deadline awaiting the results of the vote? Ive not been involved in this type of buy out before and im thinking you know roughly what the play is for the SP is here in these kind of scenarios? In smaller caps buy out the SP had previously always gone to the buy out price till the very last day of trading.

TIA NDz

Why feel stiched up? i was in the same position as you and made my broker give me the shares and the vote back, you could have done this also and it was well documented on here how to go about it,from the rns today it say it will done deal by the end of Q2, it looks to me that with March 26th vote deadline its just a matter of crossing the Ts and dotting the i's, the only wait then is for the payout. Ive decided i wont be waiting and will just sell unless something occurs in between. Still a chance that the price maybe improved all depending on how many of the ii's and free float shares need persuading to get onboard.

@Coco - you are right governments and regulations are merely obstacles to get around, however institutional investor are the real strings pullers

I dont know i only know the vote deadline, the votes have to be counted when that is i dont know, its down to the institutional investors imo

@jake - yes there is no rush to make a decision just yet, i feel safe leaving my money parked here for now and still feel there is potential for more, if the deal fails it will only be because holders see us being worth a lot more, with revenue increasing and dividends now back on the table more money will flow back into this share regardless imo. Anyone buying sub £2.50 will have very healthy dividend yield going forwards with patience, if not we will be getting a payout as i dont see DK giving up this close to the finish line. I might sell up some before the deadline, ive got quite a few so every penny is worth hanging on for.

The vote deadline is now as follows...

Important information about your stock 8 October 2024

A corporate action is taking place in relation to INTL DISTRIBUTION, which you currently hold in

your portfolio (a/c *******). Please read this notice in full and make your election by 26th March 2025.

@Red - congrats on your profits and having the courage to make the decision, having been one of the long term original stalwarts of this board you sir will be greatly missed with your pragmatic take-downs. We have had some laughs here and i am sure i speak for many as well as myself with tinge of sadness to say farewell and good luck going forwards, just remember every end is a new beginning....

Ndz

No panic, you dont have to make a decision until 26/03/2025 which is the next deadline for the vote based on the last corporate action issued in October. Log into your share trading platform and go to voting mail box and or corporate actions and you should see this date as the new deadline.

@ispy - you're a bit late at taking the bait.... glad you replied was starting to get worried about you... heres a question for you, what are you going to do when your super sleuth services are no longer required here? CWU facebook group?

Its always amazed me this seems the only board on LSE thats got more employee's posting here moaning about work conditions than share holders talking about the share trading and investment?

Regarding pulling the trigger, every purchase ive made on RM. IDS is well south of here, what i am waiting for is for DK to those final institutional investors to agree, which imo could still possibly see him improving his offer.

With regards to me keeping my money here, its one of the safest shares to be in right now and keep a big wedge of your capital holding value why the rest of the market unwinds, when the time is right ile be out.

@Red - ignore my socialist jibes, as you well know not all tools can be the sharpest in the tool box, isnt that right ispy?

Going to miss our friday night hand bags here when the curtain finally comes down......

All the pervious doom mongerers saying RM is going to pot, its a cash rich business that will always do well in good and hard times, regardless of the socialist unions dragging it down, gig economy is only just getting started and once the robots take the jobs there will be more, and no place for big baldie and his monthly subscription membership fee's.

Not sold a share in over a year am still here waiting to see what happens, when the time is right i will pull the trigger and move on to something else with those funds, got my eye on a couple JD. just co0me onto the radar, not invested yet but might do soon..

Not much time left for this board now i feel, said once ile say it again

Council housey housey......

@ispy - long time no speak glad to see some of the old timers are still lurking on the board, my post wasnt aimed directly at anyone only i thought it appropriate to make a comment before the board closes.

I wasnt wrong about unhappy moaning old workers was i?

I heard on the grape vine DK will be introducing a vigorous morning exercise routine on the company car park Xi Jing Ping style, also workers credit score app on the handhelds and facial recognition for those standing about talking to much. Just imagine, reduced breaks, no bonus and graveyard shift hours, better get practising those star fish....

In all seriousness I wouldnt be so sure about the need for 'postmen', Couriers ...yes, postmen ...no , eventually there will not be paper letters and only email\messaging in some form or another. Change is happening now and at the fastest pace ever and this business is one of those that will benefit hugely by cutting the wheat from the chaff....

I really cannot believe that anyone here thought that dodgy Dave and his Red barmy army thought they were ever going to get their own way and roll back the business to the 'good old days'. Letter delivery and manual workers days are numbered in this industry, ai, automation and robots are coming no matter how much they complain about it. Streamlined service, machine operators, long monotonous shift work hours will be the norm, investing in new tech replacing moaning old worn out workers will be top of DK's transformational agenda!

The new voting deadline date is '26th March 2025', thats the corporate action i got yesterday.

New deadline date for the vote as follows....

'Please read this notice in full and make your election by 26th March 2025.'

My IDS tradeable shares are back in my account and a new corporate with a vote on the take-over, back to where I was a few weeks back, its taken just over a week and at no cost.

@hounddog - yes i was a little surprised they rolled over that quickly, i had a dispute with them last year over trading problems and they ended up paying out some compensation so maybe they didnt want the hassle and knew they were in the wrong. Im sure it greatly helped to point out the exact page and section for their attention. They will fob you off with any old rubbish hoping you wont pursue it, i dont think its just corporate actions team either it just overall bad service imo. Will be interesting to see how long this takes, also there are no charges for this so ive been told.

Update - it appears to be a case of 'talk to the organ grinder and not the monkey', shares are on their way back to my account and with the vote retained!

'I can confirm that if we withdraw your shares from the Escrow account in Crest it will in essence mean that once this is completed your ordinary shares will be returned to your account.

Following this you will then still be able to participate in the offer whilst it remains open for acceptance or alternative if you chose to sell your shares you would be able to do this in the normal manner. I can also confirm that we have already successfully rescinded shares for other holders that have accepted so are aware of the process. '

All credits to Hounddog